| Product Code: ETC13387517 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Shark Meat Market was valued at USD 230 Billion in 2024 and is expected to reach USD 390 Billion by 2031, growing at a compound annual growth rate of 7.10% during the forecast period (2025-2031).
The Global Shark Meat Market is witnessing moderate growth due to the increasing demand for seafood products worldwide. Shark meat is consumed in various forms such as steaks, fillets, and dried products, with Asia-Pacific being the largest consumer of shark meat. Factors such as rising disposable incomes, changing dietary preferences, and the perception of shark meat as a delicacy in certain cultures are driving market growth. However, concerns over sustainable fishing practices, shark conservation efforts, and the potential health risks associated with consuming shark meat pose challenges to market expansion. Key players in the market are focusing on product innovation, sustainable sourcing, and marketing strategies to capitalize on the growing demand for shark meat. The market is expected to continue growing, albeit with a focus on sustainability and responsible consumption practices.
The Global Shark Meat Market is witnessing a growing demand for sustainable and ethically sourced shark products, driven by increasing consumer awareness of the importance of ocean conservation. There is a rising trend towards certification programs that ensure responsible fishing practices and traceability throughout the supply chain. Additionally, the market is seeing opportunities for value-added shark products, such as shark meat snacks and ready-to-eat meals, catering to the convenience-seeking consumer segment. With the growing popularity of seafood consumption worldwide, particularly in emerging markets, there is a potential for market expansion and diversification of shark meat products to meet evolving consumer preferences and needs. Collaboration between industry stakeholders, policymakers, and conservation groups will be crucial in ensuring the long-term sustainability and profitability of the Global Shark Meat Market.
The Global Shark Meat Market faces various challenges, including sustainability concerns due to overfishing and the impact on shark populations and marine ecosystems. Additionally, there are regulatory hurdles related to the trade and consumption of certain shark species protected under international agreements, leading to restrictions on harvesting and selling shark meat. Consumer perception is another challenge, as some people are hesitant to consume shark meat due to concerns about mercury levels and ethical considerations surrounding the practice of shark finning. Market demand can also fluctuate based on changing preferences and awareness of environmental issues, further complicating the dynamics of the shark meat industry. Overall, addressing these challenges requires a balanced approach that considers both economic opportunities and the need for responsible and sustainable practices in the global shark meat market.
The Global Shark Meat Market is primarily driven by increasing demand for seafood products, including exotic and unique food items. Shark meat is considered a delicacy in some cultures and is sought after for its flavor and perceived health benefits. Additionally, the growing popularity of shark fin soup in certain regions is fueling demand for shark meat. Furthermore, the decline in traditional fish populations due to overfishing has led to a shift towards alternative seafood sources, such as shark meat. However, concerns over sustainability and conservation efforts to protect shark populations are also influencing market dynamics, with initiatives to promote responsible fishing practices and ensure the long-term viability of shark species playing a key role in shaping the market.
Government policies related to the Global Shark Meat Market primarily focus on conservation efforts due to the vulnerable status of many shark species. Various countries have implemented regulations to restrict shark fishing, such as banning the practice of shark finning or setting catch limits to prevent overfishing. Additionally, international agreements like the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) regulate the trade of shark products to ensure sustainable practices. Some countries also have specific laws regarding the import and export of shark meat to protect endangered species. Overall, government policies aim to balance the demand for shark meat with conservation efforts to preserve shark populations and maintain the ecological balance of marine ecosystems.
The future outlook for the Global Shark Meat Market is expected to experience steady growth driven by increasing consumer demand for seafood products and a growing awareness of sustainable fishing practices. However, the market may face challenges due to concerns over the conservation of shark populations and regulatory restrictions on shark fishing. As consumers become more conscious of the environmental impact of their food choices, there is a rising trend towards sustainable seafood options, which could influence the market dynamics. Innovative approaches such as aquaculture and certification programs for sustainable shark fishing could help drive market growth while addressing conservation issues. Overall, the Global Shark Meat Market is likely to see a balance between increasing demand and sustainability efforts in the coming years.
In the global shark meat market, Asia dominates in terms of consumption due to the popularity of shark fin soup in countries like China and Japan. The North American market is driven by demand for shark meat in countries like the United States, where it is used in dishes such as fish and chips. Europe follows closely behind, with countries like Spain and Italy incorporating shark meat in traditional seafood cuisine. The Middle East and Africa region also contribute to the market, particularly in countries like Egypt and South Africa where shark meat is a part of local diets. Latin America is a growing market for shark meat, with countries like Mexico and Brazil seeing an increase in consumption due to the rise of seafood consumption overall in the region.
Global Shark Meat Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Shark Meat Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Shark Meat Market Revenues & Volume, 2021 & 2031F |
3.3 Global Shark Meat Market - Industry Life Cycle |
3.4 Global Shark Meat Market - Porter's Five Forces |
3.5 Global Shark Meat Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Shark Meat Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
4 Global Shark Meat Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Shark Meat Market Trends |
6 Global Shark Meat Market, 2021 - 2031 |
6.1 Global Shark Meat Market, Revenues & Volume, By Product Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Shark Meat Market, Revenues & Volume, By Shark Fin, 2021 - 2031 |
6.1.3 Global Shark Meat Market, Revenues & Volume, By Shark Meat, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.3.1 Overview & Analysis |
7 North America Shark Meat Market, Overview & Analysis |
7.1 North America Shark Meat Market Revenues & Volume, 2021 - 2031 |
7.2 North America Shark Meat Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Shark Meat Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Shark Meat Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Shark Meat Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Shark Meat Market, Revenues & Volume, By Product Type, 2021 - 2031 |
8 Latin America (LATAM) Shark Meat Market, Overview & Analysis |
8.1 Latin America (LATAM) Shark Meat Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Shark Meat Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Shark Meat Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Shark Meat Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Shark Meat Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Shark Meat Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Shark Meat Market, Revenues & Volume, By Product Type, 2021 - 2031 |
9 Asia Shark Meat Market, Overview & Analysis |
9.1 Asia Shark Meat Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Shark Meat Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Shark Meat Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Shark Meat Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Shark Meat Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Shark Meat Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Shark Meat Market, Revenues & Volume, By Product Type, 2021 - 2031 |
10 Africa Shark Meat Market, Overview & Analysis |
10.1 Africa Shark Meat Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Shark Meat Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Shark Meat Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Shark Meat Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Shark Meat Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Shark Meat Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Shark Meat Market, Revenues & Volume, By Product Type, 2021 - 2031 |
11 Europe Shark Meat Market, Overview & Analysis |
11.1 Europe Shark Meat Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Shark Meat Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Shark Meat Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Shark Meat Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Shark Meat Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Shark Meat Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Shark Meat Market, Revenues & Volume, By Product Type, 2021 - 2031 |
12 Middle East Shark Meat Market, Overview & Analysis |
12.1 Middle East Shark Meat Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Shark Meat Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Shark Meat Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Shark Meat Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Shark Meat Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Shark Meat Market, Revenues & Volume, By Product Type, 2021 - 2031 |
13 Global Shark Meat Market Key Performance Indicators |
14 Global Shark Meat Market - Export/Import By Countries Assessment |
15 Global Shark Meat Market - Opportunity Assessment |
15.1 Global Shark Meat Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Shark Meat Market Opportunity Assessment, By Product Type, 2021 & 2031F |
16 Global Shark Meat Market - Competitive Landscape |
16.1 Global Shark Meat Market Revenue Share, By Companies, 2024 |
16.2 Global Shark Meat Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |